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than they pay back in taxes. we're getting to a society where we have a net majority of takers versus makers. >> jon: you are defining taker as as 70% of society. that's (bleep) takers. imagine how high that percentage would be if he included social security and medicare recipients on the taker list. you don't have to imagine it because it wouldn't be higher because it includes it on the taker list, social security and medicare according to the tax foundation report sighted by a paul reya, sorry ryan. if you don't include social security and medicare on the takers list you can't get to romney's more generous 47% taker to maker ratio. if takers were just welfare recipients it was 2%. i have to tell you nobody ever won an election demonizing such a small percentage of americans. well, hardly anyone. [ laughter ] the idea that republicans characterized even social security and medicare as halmakes of a takers society -- hallmarks of a taker society i'll let the speakers describe it. >> we built it. >> you better bel
than they pay back in taxes. we're getting to a society where we have a net majority of takers versus makers. >> jon: you are defining taker as as 70% of society. that's (bleep) takers. imagine how high that percentage would be if he included social security and medicare recipients on the taker list. you don't have to imagine it because it wouldn't be higher because it includes it on the taker list, social security and medicare according to the tax foundation report sighted by a paul...
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Jan 24, 2013
01/13
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the proposal would put 3 cent tax on every $100 of stock bonds tax derivatives, saying it would generate $352 billion in ten years. not chump change. think about it for a second. here is 520s. there is $100. visualize this. there is $100. every time there is 100, there is three cents. i better get my piggy bank out here. just like that. that's it. that's it. one hundred, three cents, there you have it. what could we do with $352 billion? do you think maybe we could pay for at least one of the wars? or do you think maybe we could insure maybe another 30 million people? do the math. that would pay for about half of obama care. that would really make the righties happy. think about it. why is it number one, wall street doesn't get prosecuted. number two, they get off scot-free on these transactions. this is an easy thing, and nobody is going to feel it. everything is going to be fine. joining me tonight, david cay johnston, pulitzer prize winning journalist and author of "the fine print." david cay, grit to have you with us. >> good to be here. >> explain what a high-speed trade is for thos
the proposal would put 3 cent tax on every $100 of stock bonds tax derivatives, saying it would generate $352 billion in ten years. not chump change. think about it for a second. here is 520s. there is $100. visualize this. there is $100. every time there is 100, there is three cents. i better get my piggy bank out here. just like that. that's it. that's it. one hundred, three cents, there you have it. what could we do with $352 billion? do you think maybe we could pay for at least one of the...
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Jan 24, 2013
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he could stand up for all the tax oppressed people in california and it is one tax oppressing place and he could stand up for them and be a spokesman and say you guys are driving loyal people like myself out of here because you're taking so much out of my paycheck. >> if you want to broad i don't know the tax debate, california has come out and said we've balanced the budget, so why take that personalin come t income t they finally got the budget right. whether you make 50,000 or 50 million, taxes hurt. >> other people who have moved around and we talked about tiger woods, what about lebron james? he was a great basketball star in cleveland. when he went to florida to the miami heat, a lot of people in new york said to avoid new york tax rates. anything to that? >> i think obviously there's no doubt when you're signing hundred million dollar contracts having no individual income tax is a big deal but this guy is going to be a billionaire someday. he had more control over putting this team together, there was more freedom over what players could go there. i trip it's always a factor. the
he could stand up for all the tax oppressed people in california and it is one tax oppressing place and he could stand up for them and be a spokesman and say you guys are driving loyal people like myself out of here because you're taking so much out of my paycheck. >> if you want to broad i don't know the tax debate, california has come out and said we've balanced the budget, so why take that personalin come t income t they finally got the budget right. whether you make 50,000 or 50...
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Jan 24, 2013
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budget cuts and tax hikes to avoid a full-scale bail-out accord og the efforts are hurting short-term recovery. with backing from the european central bank might offer long-term hope. bond sales to write down spain's debt went well. >> we are getting indicators that it's slowly adjusting. start to turn in the coming quarter. >> greece might be building on a couple of years of austerit austerity. the country is qualifying for e.u. bail-out money. 2013 is bringing more protests. young and old in athens. unemployment in greece is higher than spain. and pensions are slinking. >> we are rapidly going backwards. far backwards. the only battle is the battle on the street. >> greece is trying to keep a lid on things. mass transit strike in the second week. officials say they will jail workers if they don't go back on the job. greeks are tired. this is a hassle but what can we do? >> this is watched by the u.s. wall street buffeted by the european trouble. washington planning austerity moves and taxes and all are hoping what has happened in europe isn't a preview of years to come. bret? >> bre
budget cuts and tax hikes to avoid a full-scale bail-out accord og the efforts are hurting short-term recovery. with backing from the european central bank might offer long-term hope. bond sales to write down spain's debt went well. >> we are getting indicators that it's slowly adjusting. start to turn in the coming quarter. >> greece might be building on a couple of years of austerit austerity. the country is qualifying for e.u. bail-out money. 2013 is bringing more protests. young...
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Jan 24, 2013
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people are starting to play between states with high taxes and states with low taxes. a lot of people are leaving california and it's businesses that are leaving too. especially medium sized businesses that employ a fair number of people that are going to places like utah and idaho. this is not necessarily a great thing that we have got. companies moving around and people considering moving around. what we really need is for people to be thinking about the best ways to be productionive wherever they happen to be and not to figure out where they can go to skirt the laws. >> thank you. >> sure thing. >> coming up, the growing problem of revenge porn. say you are in a relationship that ends badly. your ex-has access to intimate foties of you. those picture may end up online posted on revenge porn websites. that story is next. [ woman ] uh-oh. [ male announcer ] when diarrhea hits, kaopectate stops it fast. powerful liquid relief speeds to the source. fast! [ male announcer ] stop the uh-oh fast with kaopectate. [ male announcer ] stop the uh-oh fast itbut sleep train's hu
people are starting to play between states with high taxes and states with low taxes. a lot of people are leaving california and it's businesses that are leaving too. especially medium sized businesses that employ a fair number of people that are going to places like utah and idaho. this is not necessarily a great thing that we have got. companies moving around and people considering moving around. what we really need is for people to be thinking about the best ways to be productionive wherever...
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Jan 24, 2013
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to give me started on your carbon taxes. a huge source of revenue. in the -- in his course of life, he spent years railing against the oil companies, and he just sold out. melissa: i feel like michael blumberg was behind this. melissa: i bet both of them. so this was interesting. apparently the italian mafia is infiltrating the renewable energy businesses the government offers billions in subsidies for wind and solar development. crime families are reporting land and then pressuring the owners to sell or offering long-term leases. and local officials are bribes. obviously, to expedite the approval. officials have enough clothes and more than $2 billion in assets and arrested some of the key players. i don't know. it seems like this is a perfect fit. the mafia and green energy. >> money and fraud. they get together. >> follow the "money". a lot of money in green energy. so they're going to. this is an opportunity. >> why do you rob banks? this is where the money is. that's why al gore and the others. the source of all our problems. >> allowing greed.
to give me started on your carbon taxes. a huge source of revenue. in the -- in his course of life, he spent years railing against the oil companies, and he just sold out. melissa: i feel like michael blumberg was behind this. melissa: i bet both of them. so this was interesting. apparently the italian mafia is infiltrating the renewable energy businesses the government offers billions in subsidies for wind and solar development. crime families are reporting land and then pressuring the owners...
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Jan 24, 2013
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tax people and they want to dig in. i think republicans now realize eye don't know if they can carry the day on this-- but i think they now realize a smile, a lighter touch, talking about compromise, but staying tough to principle, repositioning themselves that could do a world of wonder. i think they just need a break now. i think they need the focus to be on the white house, the president and the democrats. >> ifill: what they're counting on then you're saying not that the vision will change but the implementation will be so unpopular for the white house they will then be able to rein their footi footing there that ? >> in fact, the country is very concerned about spending. they're concerned about these huge deficits and debt. that's an argument that maybe republicans can get some traction on. i thought this was a good day for john boehner who has had a lot of bad days in leading the house. this was a crase where they had a retreat last weekend. people who were there said it was a very som bell retreat and they agreed
tax people and they want to dig in. i think republicans now realize eye don't know if they can carry the day on this-- but i think they now realize a smile, a lighter touch, talking about compromise, but staying tough to principle, repositioning themselves that could do a world of wonder. i think they just need a break now. i think they need the focus to be on the white house, the president and the democrats. >> ifill: what they're counting on then you're saying not that the vision will...
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Jan 24, 2013
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tax in the first place. both of these guys are from california. mickelson made his hometown there for, he was born and raised in san diego. for him to leave the state is a big, big deal. if you're taking home 37 cents on the dollar, 47 cents on the dollar, i think it is okay to speak up. martha: it is something for all americans to give some thought to. bill: why did he apologize? martha: i don't know why he apologized, the backlash against it, saying is it right for any american to spend 63 cents of their dollar, of every dollar they make and hand it over to the government? bill: state, county, federal. martha: so much discussion about fair share and people, people obviously, some people are outraged. he can afford it. that is not the issue. the issue is, at what point is enough, enough of any single human being's income whether they're successful or not. i mean, --. bill: that guy moved to florida he could save 13% of gross today. there is phil. watch him over the weekend. they have a big tournament out th
tax in the first place. both of these guys are from california. mickelson made his hometown there for, he was born and raised in san diego. for him to leave the state is a big, big deal. if you're taking home 37 cents on the dollar, 47 cents on the dollar, i think it is okay to speak up. martha: it is something for all americans to give some thought to. bill: why did he apologize? martha: i don't know why he apologized, the backlash against it, saying is it right for any american to spend 63...
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Jan 24, 2013
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they wanted to take a profit before the higher capital gains taxes can kicked in at the beginning of the year. what's happening today is investors choosing to get out of the stock because competition is becoming more of a factor. there are these quality alternatives going strong these days. i'm talking about the tablet and the smartphone arena. it's getting crowded. what you're seeing is the average price is still around $700. a lot of people are still sweet on apple shares even though it plunged today, wolf. >> steve jobs died about a year and a half ago. what does all of this say about tim cook's tenure as the apple's ceo? >> it says you know what, you're going to get the blame, tim cook. you're the ceo so the buck stops with you. he saw the blowout of the iphone 4s and took the stocks to greater heights. it was around $375 when he took over. the price almost doubled in tim cook's first year in charge. it peaked in september when iphone 5 came out. since then, the shares have been tumbling. for one, wall street and analysts don't have much confidence that he can deliver like steve
they wanted to take a profit before the higher capital gains taxes can kicked in at the beginning of the year. what's happening today is investors choosing to get out of the stock because competition is becoming more of a factor. there are these quality alternatives going strong these days. i'm talking about the tablet and the smartphone arena. it's getting crowded. what you're seeing is the average price is still around $700. a lot of people are still sweet on apple shares even though it...
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on aid to the poor, 59%, on tax levels for millionaires and big corporation, 59%. women's issue, 55%. immigration, 55%. i mean, these are high numbers of people feeling the gop is out of touch on these issues. >> yeah, i mean, reverend al, the shocking thing is, as you just laid out, the support for democratic policies is even h h higher than support for democratic politicians. the president won a decisive victory, but the support for the issues and policies is going to push is even higher. so the republicans are delusional to be saying that the issue is just a matter of reaching out or modernizing technology and that their principles are sound. it's their principles and policies that were rejected by the voters and that continues. and you're right, too, to point to that symbolism of that awful chair. i mean, that was the worst moment of a terrible convention. >> in the chair of the gop's office. what could you be thinking about? >> right, a cranky old man lecturing our first african american president in prime time in tampa helped take the party down. but while mr
on aid to the poor, 59%, on tax levels for millionaires and big corporation, 59%. women's issue, 55%. immigration, 55%. i mean, these are high numbers of people feeling the gop is out of touch on these issues. >> yeah, i mean, reverend al, the shocking thing is, as you just laid out, the support for democratic policies is even h h higher than support for democratic politicians. the president won a decisive victory, but the support for the issues and policies is going to push is even...
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Jan 24, 2013
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he, of course, is the highest earner. 37 in live in texas which is a no tax state. 67 live in florida, also no taxes and several democratic lawmakers in california came out today and said, look, they don't believe high taxes force anybody out of this state, shep. >> shepard: trace gallagher in los angeles. trace, thanks. the family of the legendary linebacker junior is ais now suing the national football league over his death. their claiming the league deliberately ignored and hid evidence of hits of repeated hits to the head. those hits led to the brain disease that caused sao's suicide. when he killed himself last year he had a degenerative brain condition associated with head trauma. he played 20 playoff season and suffered multiple concussion. his family says in later years he forgot things, couldn't sleep was depressed. no response yet in nfl officials. the league has consistently denied similar allegations. there is a man begging on a street in oregon. and he is asking for a whole lot more than loose change. this guy is after a kidney. and the thing is, it looks like it may have
he, of course, is the highest earner. 37 in live in texas which is a no tax state. 67 live in florida, also no taxes and several democratic lawmakers in california came out today and said, look, they don't believe high taxes force anybody out of this state, shep. >> shepard: trace gallagher in los angeles. trace, thanks. the family of the legendary linebacker junior is ais now suing the national football league over his death. their claiming the league deliberately ignored and hid...
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taxes. mostly from the 6% of filers who pay taxes quarterly. one observer suggests the spike may be from people taking profits ahead of increase in the federal tax rate. >>> governor brown is scheduled to give his third state of the state address tomorrow morning. no word from the staff on what the focus will be. political observers expect the governor to discuss a proposed tunnel to ship water. other topics include education reform, and high speed rail. you can watch the governor's address here on ktvu. it's set to start at 9:00 tomorrow morning. if you are away from your tv, we will be streaming it, on all of our mobile platforms. >>> apple's ceo talks about record revenues today, but warns about a challenging future. >> i just told you about the rainfall around the bay area today. coming up, i'm tracking how much more you can expect on your morning commute. >> but first, right after the break, making music history right here in the bay area. the red carpet event that brought out some big
taxes. mostly from the 6% of filers who pay taxes quarterly. one observer suggests the spike may be from people taking profits ahead of increase in the federal tax rate. >>> governor brown is scheduled to give his third state of the state address tomorrow morning. no word from the staff on what the focus will be. political observers expect the governor to discuss a proposed tunnel to ship water. other topics include education reform, and high speed rail. you can watch the governor's...
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Jan 24, 2013
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and jobs and taxes. so, i thought it was fair when i set up my juice bar that i charge them just a little b bit-- (inaudible) >> and in terms of they just voluntarily pay more, right? that's what i love about the story, people come up and say, well, i'm a liberal and i'll pay an extra dollar. >> that's right. they just come in and it says it right on the menu board there that what the price is and we just, we just direct them to the menu board and we just asked them what's your price? and then they just volunteer, either conservative or liberal and pay the extra little bit more and they seem happy to do it. we've only-- we're in a pretty conservative town out here in the oil fields and we've only had a few of them in. we collected $3 and we give the money to the heritage foundation and we don't pocket it we have our tips and the money, good conservative cause and it's seems to have worked out pretty good so far. and people-- although people are pretty excited about it on the internet. >> greta: all right
and jobs and taxes. so, i thought it was fair when i set up my juice bar that i charge them just a little b bit-- (inaudible) >> and in terms of they just voluntarily pay more, right? that's what i love about the story, people come up and say, well, i'm a liberal and i'll pay an extra dollar. >> that's right. they just come in and it says it right on the menu board there that what the price is and we just, we just direct them to the menu board and we just asked them what's your...
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Jan 24, 2013
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tax them or take them. >> and surprising views on guns. >> i know how newtown happened. i'm still really, really wrecked over why. >> and talk about upset. serena williams temper tantrum on the court. a big conversation tonight. this is "piers morgan tonight." >>> good evening. apologies for my ridiculous voice. my critics will be thrilled that i have nearly been silenced but i'm still going on it on a positive note, i always wanted to sound like barry white so i'll try to get through this as best i can. inauguration seems like such a long time ago. tonight the country is arguing over everything from guns to weather to hillary clinton. a battle over benghazi, she gave as good as she got. it was an extraordinary moment. listen to this. >> the fact is we had four dead americans. was it because of a protest or because of guys out for a walk one night that decided to go kill americans. what difference at this point does it make? it is our job to figure out what happened and do everything we can to prevent it from ever happening again, senator. >> an emotional hillary clinton
tax them or take them. >> and surprising views on guns. >> i know how newtown happened. i'm still really, really wrecked over why. >> and talk about upset. serena williams temper tantrum on the court. a big conversation tonight. this is "piers morgan tonight." >>> good evening. apologies for my ridiculous voice. my critics will be thrilled that i have nearly been silenced but i'm still going on it on a positive note, i always wanted to sound like barry white...
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Jan 24, 2013
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criminals don't pay income taxes either, does that mean nra members should not pay income taxes because criminals don't? crazy wayne doesn't realize the more he compares the nra members to criminals, the more clear it becomes that he actually is washington's chief lobbyist for criminals. and his manipulation of justice hugo black's quote last night, in his speech, to try to make it appear that justice black agreed with wayne lapierre, in any way, that was a crime against history. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. so will bounty select-a-size. it's the smaller powerful sheet. look! one select-a-size sheet of bounty is 50% more absorbent than a full size sheet of the leading ordinary brand. use less, with bounty select-a-size. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dualair technology that allows you to adj
criminals don't pay income taxes either, does that mean nra members should not pay income taxes because criminals don't? crazy wayne doesn't realize the more he compares the nra members to criminals, the more clear it becomes that he actually is washington's chief lobbyist for criminals. and his manipulation of justice hugo black's quote last night, in his speech, to try to make it appear that justice black agreed with wayne lapierre, in any way, that was a crime against history. hey! did you...
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Jan 24, 2013
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we all pay sales tax on everything that we buy. we sell something, we pay tax. this is paying to wall street -- you have gotten a pass. when you talk about jobs and education, i want to ask you, where are the jobs? they are not just trickling down or bubbling up -- there are no jobs in this country. i work for the labor movement -- it is being decimated by the right wing. i will talk about the financial transaction tax -- this is a part of the solution. i want to tell you, i represent registered nurses in the unions across this country. they are of the finest tradition of martin luther king -- they are about humanity. they do not make distinctions among patients. they do not care if you are rich or if you are poor, if you are black or if you are white, if you are a man or if you are a woman -- you are their patient. they protect you, the fight for you. what they're finding is because of profits in the health-care industry, the most inept system in the industrial world, the american medical system -- patients are being pushed out, children are coming with malnutr
we all pay sales tax on everything that we buy. we sell something, we pay tax. this is paying to wall street -- you have gotten a pass. when you talk about jobs and education, i want to ask you, where are the jobs? they are not just trickling down or bubbling up -- there are no jobs in this country. i work for the labor movement -- it is being decimated by the right wing. i will talk about the financial transaction tax -- this is a part of the solution. i want to tell you, i represent...
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Jan 24, 2013
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>> you know, everybody knows that taxes in california are high. but i can tell you, it's a great place to run a business for us. it is the health and wellness mecca of the world. and the clientele, that you can get. and team you can build is fantastic. but i contribute our growth to the fact that we're unique. we're unique in the marketplace because we're the only bar that has we'reo gram zugo, -- zero gram zug
>> you know, everybody knows that taxes in california are high. but i can tell you, it's a great place to run a business for us. it is the health and wellness mecca of the world. and the clientele, that you can get. and team you can build is fantastic. but i contribute our growth to the fact that we're unique. we're unique in the marketplace because we're the only bar that has we'reo gram zugo, -- zero gram zug
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Jan 24, 2013
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now stores will be allowed to pass the extra cost on the you, like a tax. up to 4 percent of the total cost of whenever you're buying. with us now, consumer education president, smart credit dot com. the president of optimum capital management. great to have you both year. al start with you. what do you make of this? >> this is really bad news for consumers. we are already getting nickel-and-dimed to death, and we are about to get even worse. essentially, the fee that the market had -- merchant has to pay to exit the credit card, cone -- commonly called a slight fee, in the past they have not been able to charge a line-item extra cost to the consumer to cover that. starting this sunday will be allowed to. that is the bad news. they have already baked in that she in the price of the merchandise the you're buying. so now not only unable to charge a fee on top of what you're already purchasing, but essentially paying the fee to times over, and those of us to pay cash are really getting screwed because we're still paying the fee for people using credit cards. g
now stores will be allowed to pass the extra cost on the you, like a tax. up to 4 percent of the total cost of whenever you're buying. with us now, consumer education president, smart credit dot com. the president of optimum capital management. great to have you both year. al start with you. what do you make of this? >> this is really bad news for consumers. we are already getting nickel-and-dimed to death, and we are about to get even worse. essentially, the fee that the market had --...
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Jan 24, 2013
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strong economic policies including the right to work legislation and low taxes have built taxes into a juggernaut. when governor rick perry was running for president he could claim, rightly, that his they created more than one-third of all of the jobs created in the entire country since the recovery began in 2009. amazing. not new york. not connecticut. texas. the lone star state unemployment rate of 6% handily beats up the nation. then there is louisiana, virginia. five and a half percent. oklahoma, five. new yorkers, pardon me, over 8%. the jersey, nine and a half percent. these metrics matter. the south is ticking new york's but the reid is a culture difference? hello, yes. thank goodness. i thought that is what liberals celebrated, diversity. i guess i probably shouldn't get so upset. after all, he has had this problem. the 40 year-old congressman was censured by the house two years ago after facing charges of 17 years of unpaid taxes on property in the dominican republic and more than 500,000 in undisclosed public assets. crazy. he also was investigated for raising millions from
strong economic policies including the right to work legislation and low taxes have built taxes into a juggernaut. when governor rick perry was running for president he could claim, rightly, that his they created more than one-third of all of the jobs created in the entire country since the recovery began in 2009. amazing. not new york. not connecticut. texas. the lone star state unemployment rate of 6% handily beats up the nation. then there is louisiana, virginia. five and a half percent....
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Jan 24, 2013
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she said, "i haven't done my taxes for a few years." call. what's a few? she said, "i think it's eight." she showed up with four file boxes of paperwork. "here, take my stuff and figure it out." i will do that for you. it's a mental challenge. it's a puzzle. but getting you the maximum refund- that's what i'm here for. bring it on. ♪ every little thing has meaning ♪ [ female announcer ] we always make our kraft singles with milk, and no artificial flavors, so you can be sure there's no single thing better for your grilled cheese. ♪ you may be muddling through allergies. try zyrtec-d®. powerful relief of nasal congestion and other allergy symptoms -- all in one pill. zyrtec-d®. at the pharmacy counter. daisy is 100% pure with nothing else added. meals are simply better with a dollop of daisy. ♪ ♪ do a dollop, do, do a dollop of daisy ♪ ♪ living with moderate to semeans living with pain.is it could also mean living with joint damage. humira, adalimumab, can help treat more than just the pain. for many adults, humira is clinically proven to he
she said, "i haven't done my taxes for a few years." call. what's a few? she said, "i think it's eight." she showed up with four file boxes of paperwork. "here, take my stuff and figure it out." i will do that for you. it's a mental challenge. it's a puzzle. but getting you the maximum refund- that's what i'm here for. bring it on. ♪ every little thing has meaning ♪ [ female announcer ] we always make our kraft singles with milk, and no artificial flavors, so...
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Jan 24, 2013
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i'm going to put the push on to get rid of a corporate tax or personal income tax and maybe to people who are very sensitive and are so wealthy they have the power to move, i can attract them to my state. we're seeing it in places like nebraska and louisiana piling on. this is an opportunity? >> governor perry in texas is famous going on hunting trips to california where he visits ceos. melissa: right. >> gives them a cell phone. here is my personal number. call me anytime. tell me what i can do to attract you to texas. we have several states with offices set up in california because we're so vulnerable here. hundreds of companies leave every year. you make a good point about phil mickelson has options. so do a lot of companies. they can go elsewhere and do out of california. melissa: is that story about governor perry true? i heard that before. do governors have hair their own cell phone? >> he does. literally gives cell phone, has one number programmed. call me anytime. tell me what i can do. our leaders are not doing that, they're dismissive about companies leaving. they say it is
i'm going to put the push on to get rid of a corporate tax or personal income tax and maybe to people who are very sensitive and are so wealthy they have the power to move, i can attract them to my state. we're seeing it in places like nebraska and louisiana piling on. this is an opportunity? >> governor perry in texas is famous going on hunting trips to california where he visits ceos. melissa: right. >> gives them a cell phone. here is my personal number. call me anytime. tell me...
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Jan 24, 2013
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as you can see, even if you have got all the tax increases, the president got all the tax increases that he wanted, this represents this line right here, it still doesn't come anywhere close to dealing with the spending that is going to explode in the out years if we don't do something to reign that in by reforming many of these programs that i just mentioned. if we're going to save and protect social security and medicare for future generations, we have to reform those programs in a way that doesn't create this huge red line that spikes into the future and literally bankrupts the country. in fact, social security ran a cash deficit in 2010. medicare, we're told by the actuaries, will be insolvent by the year 2024, and in fact in the hospital portion of the medicare trust fund we're told may be insolvent by the year 2016. so these are important dates to remember, because those are the dates at which the revenue coming in from the payroll taxes that support social security and medicare no longer pay for the benefits that are paid out to beneficiaries. and so, you know, we have got this so
as you can see, even if you have got all the tax increases, the president got all the tax increases that he wanted, this represents this line right here, it still doesn't come anywhere close to dealing with the spending that is going to explode in the out years if we don't do something to reign that in by reforming many of these programs that i just mentioned. if we're going to save and protect social security and medicare for future generations, we have to reform those programs in a way that...
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or the tax on well we would have to look up questions of being a body to the ocean for barry has said we're going. to very robust rate better than six percent actually six point seven five percent less to twenty twelve. but we have a widening gap between the rich and the poor we have one of the most rich money in the world that will sleep we have more than we have a lot of for people but he's very very poor we have a over to like you know like that and he and he all the third world countries which there will always be sources creating even bigger are going to change and. whatever we're trying to do is to offset the things which trust and get it might get a little more strict with this wonderful goal which by now it's pretty clear that if i'm just. going to develop the nation. in the u.s. today forty. five percent. official at a point that we just hit a record is real that you. anywhere else in the world the fear and doubt you're pretty likely to see who was big for change outside the war is troubling. and it seems pretty unlikely that the world's greatest financial minds gathered here
or the tax on well we would have to look up questions of being a body to the ocean for barry has said we're going. to very robust rate better than six percent actually six point seven five percent less to twenty twelve. but we have a widening gap between the rich and the poor we have one of the most rich money in the world that will sleep we have more than we have a lot of for people but he's very very poor we have a over to like you know like that and he and he all the third world countries...
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there's only two reasons for a federal list on gun owners to either tax them or take them. first of all once again this is a straw man that pier is like here is throwing out there the president has never suggested a national gun registry but as i said i am and of course if there's a cost to society of adding all these guns. like with cars and a cost to maintain a system of registering like with cars then perhaps there should be a small tax to pay for it i don't hear him being all hysterical about having to pay a title transfer tax when he sells his car or gives it to his grandson friends are not a gift to you from god they're expensive devices manufactured to kill people and other living things as such they should be well regulated not taken but regulated we figured out sixty years ago that doctors can kill people so now we register them they're licensed they're insured they're regulated cars can kill people and so they're registered licensed insured regulated to not register license insure and regulate firearms is to not learn from both history and experience countries tha
there's only two reasons for a federal list on gun owners to either tax them or take them. first of all once again this is a straw man that pier is like here is throwing out there the president has never suggested a national gun registry but as i said i am and of course if there's a cost to society of adding all these guns. like with cars and a cost to maintain a system of registering like with cars then perhaps there should be a small tax to pay for it i don't hear him being all hysterical...
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Jan 24, 2013
01/13
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we've got to make trget targeted cuts and reforms but we also believe we need to eliminate a lot of tax breaks and loopholes that we heard from our colleagues about in order to reduce the deficit in a balanced way. if you don't do that, you sock it to everybody else in the country. let's pass a balanced approach to reducing our deficit and not one that takes it out of the expenditure. the speaker pro tempore: the gentleman's time has expired. the gentleman from michigan. mr. camp: i would just say w have already increased the debt limit over $5 trillion in the obama administration, almost a 50% inkeys in the debt limit. let me also say we have had many several, temporary short-term increases in the de limit before there's been a more permanent long-term increase in 1987, 1990, 1996. it is not unprecedented, the action we're going to be taking today. with that, i yield two minutes to the distinguished member of the ways and means committee, the gentleman from washington state, mr. reichert. the speaker pro tempore: the gentleman is recognized for two minutes. mr. reichert: thank you, mr.
we've got to make trget targeted cuts and reforms but we also believe we need to eliminate a lot of tax breaks and loopholes that we heard from our colleagues about in order to reduce the deficit in a balanced way. if you don't do that, you sock it to everybody else in the country. let's pass a balanced approach to reducing our deficit and not one that takes it out of the expenditure. the speaker pro tempore: the gentleman's time has expired. the gentleman from michigan. mr. camp: i would just...
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will so trying to address that in fact one of the budget recommendations is some kind of inheritance tax or the tax on well we have to the questions are being the more they keep coming into the ocean the barry has said we're going. to very robust rate better than six percent actually six point seven five percent less to twenty twelve and we have a widening gap between the rich and the poor we have one of the most richest man in the world publishes and we have more than we talk a lot of for people but he's very very poor we have a over t. like you know like any and all the third world countries which there will always be sources creating an even bigger gap between rich and poor. when whatever we're trying to do is to offset the things which trusting that you might get a little more stick with this wonderful goal which by now it's pretty clear that if i'm just. like the developing nations in the us today forty. five percent. official at a point that we just had a record is that you. anywhere else in the world but here in dallas you're pretty likely to see who was big for change outside the
will so trying to address that in fact one of the budget recommendations is some kind of inheritance tax or the tax on well we have to the questions are being the more they keep coming into the ocean the barry has said we're going. to very robust rate better than six percent actually six point seven five percent less to twenty twelve and we have a widening gap between the rich and the poor we have one of the most richest man in the world publishes and we have more than we talk a lot of for...
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Jan 24, 2013
01/13
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to places with lower taxes. i think california is 13.3%. >> andrea: california needs your uncle steve to pay the taxes. freddie they can have steve -- >> greg: they can have steve. >> andrea: coming up, now a racial component to the bloomberg bomb's soda ban. some civil rights group think it will hurt minority business owners. could it be the straw that break the nanny state back? or the straw that breaks the soda? back in moments. we'll tell you. so you say men are superior drivers? yeah. then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? [ voice of dennis ] silence. we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of pepto, bu
to places with lower taxes. i think california is 13.3%. >> andrea: california needs your uncle steve to pay the taxes. freddie they can have steve -- >> greg: they can have steve. >> andrea: coming up, now a racial component to the bloomberg bomb's soda ban. some civil rights group think it will hurt minority business owners. could it be the straw that break the nanny state back? or the straw that breaks the soda? back in moments. we'll tell you. so you say men are superior...
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modern-day republicans, which is to say neanderthal republicans, who will under no circumstances raise taxes or include spending on anything, except of course, when they increase spending on things that they like. crazy wayne quoted only one person to support his defense of absolutism. a supreme court justice. no, not anton scalia, the most conservative member of the court, because justice scalia disagrees with lapierre on the second amendment. he does not believe that the right to bear arms is absolute. >> what limitations on the right to keep and bear arms are permissible. some are, because there were some that were acknowledged at the time. >> no, there is nothing any current member of the supreme court has said that could help crazy wayne make his case last night. and so he reached all the way back to a supreme court justice who died 41 years ago, and was a liberal member of the supreme court, who if he were alive today would be a solid vote for gun control on the supreme court. >> don't take it from me, take it from former democratic u.s. senator, and u.s. supreme court justice hugo bla
modern-day republicans, which is to say neanderthal republicans, who will under no circumstances raise taxes or include spending on anything, except of course, when they increase spending on things that they like. crazy wayne quoted only one person to support his defense of absolutism. a supreme court justice. no, not anton scalia, the most conservative member of the court, because justice scalia disagrees with lapierre on the second amendment. he does not believe that the right to bear arms is...